Why All Homeowners Need Flood Insurance

Owning a home means protecting that home from a wide range of events. Accidents, disasters, and other damaging events can cause expensive damage. One way to ensure you have the protection you need is to get flood insurance. This is essential coverage that protects you in case of flooding. Flooding can cause a lot of serious damage to a home. If you don’t have flood insurance, paying for the necessary repairs could be extremely expensive. Call us at Luebbering Insurance Agency LLC in Jefferson City, MO when you need flood insurance.

The National Flood Insurance Program

When you need flood insurance, a government-backed program provides this coverage. FEMA supports it, and it’s highly reliable and well-established. The Program sets the price of flood insurance. With this price in place, you will pay the same for your flood insurance no matter where you go. You also need a flood insurance policy if you already have home insurance. Home insurance doesn’t cover floods. If you don’t have flood insurance and a flood strikes, you will be responsible for paying for all the damages. 

Flood Zones

Certain zones are designated as flood zones. These areas are known to have floods within a certain number of years. However, among flood claims, about 20% of them come from outside of flood zones. These are areas without any flood designation. Because this happens so often, everyone needs to have flood insurance, no matter where they live. 

Get Your Flood Insurance Policy

If you’re a homeowner without flood insurance, it’s time to call us to find out more. Contact us at Luebbering Insurance Agency LLC in Jefferson City, MO to get started with your own policy. 

     

Is Condo Insurance Required in Missouri?

The state law in Missouri does not require you to have condo insurance in place or homeowners insurance, but it’s a good idea to have condo insurance anyway to protect your home and the investment you made in it. The agents at the Luebbering Insurance Agency LLC serving the Jefferson City, MO area can assist you with all of your condo insurance needs.

If you borrow the money to purchase your condo, your bank or mortgage lender will more than likely require you to have a condo insurance policy in place. This is in addition to any insurance policy that may be in effect by your condo association. That type of policy will more than likely only include the exterior area of your condominium as well as common buildings throughout the property. These common areas include recreation rooms, garden areas, and swimming pool areas. It is still imperative that you have condo insurance in place to protect the investment you have made in your home.

As a condo owner, you may actually be required to have a condo insurance policy if you still owe a bank or mortgage lender for the loan to purchase your beautiful home.

What Does Condo Insurance Coverage Cover?

Condo insurance will help you replace any items lost or damaged due to a horrible event, such as a tornado, hurricane, fire, or vandalism. It will also help you replace any items that are stolen in a burglary.

The items your condo insurance will cover are any interior fixtures, appliances, furniture, and even your clothing and personal items.

Get Your Policy Started

There are different types of condo insurance that you can choose from, and a trusted and experienced condo insurance agent can help you in selecting the policy that’s the right one for you and your situation. Call the condo insurance agents at the Luebbering Insurance Agency LLC serving the Jefferson City, MO area to get your policy started today!

Four things to know about life insurance

There are different types of life insurance.

There are two types of life insurance coverage; term life insurance and permanent life insurance. Term life insurance is a policy that lasts a certain amount of time. You can choose from different lengths of time, including ten years, fifteen years, or thirty years. Permanent life insurance begins when you purchase your policy, and it lasts until you die.

You don’t have to be the primary income provider to get life insurance

If you are a stay-at-home spouse, it might be beneficial for you to have life insurance as well. As a stay-at-home spouse, you are responsible for the house and the kids. With the extra financial help, your spouse can stay home as long as you need and hire other people to help keep up the house and care for the kids when they go back to work.

Check your policy carefully.

Some policies offer what is called cash value. Most term life insurance policies do not offer cash value, but most permanent life insurance policies do. How much you can build up depends on your insurance company and policy. You need to know what is in your policy before you purchase it.

An agent at Luebbering Insurance Agency can help.

You might want to talk with an insurance agent about your life insurance needs. Our insurance agents can help you determine what you need and what type of life insurance policy is right for you. An agent can give you more information specific to our policies than what you can find out for yourself.

Contact Luebbering Insurance Agency

Please stop by or contact us at Luebbering Insurance Agency LLC in Jefferson City, MO for more information about life insurance.

Does Your Age Impact Your Ability to Buy Life Insurance?

Age and life insurance are two things that are interconnected. Typically, you buy life insurance so that, as you age, you have coverage for yourself and the rest of your family. Residents of Jefferson City, MO, and abroad may wonder how age impacts life insurance and its ability to acquire it. Our Luebbering Insurance Agency LLC team gets this question often and provides insight to interested parties.

Age and Life Insurance 

The connection between age and life insurance goes across a few different areas. First, age is not going to be something that immediately prohibits you from life insurance. Typically, you will be able to acquire life insurance, but the cost and coverage will see an impact.

Age is one of the primary factors that will impact your life insurance premium rate. As you get older, actuarial rate tables driven by age will drive that premium amount upward.  

Age is also going to drive qualification requirements for life insurance. If you are a very healthy 90-year-old, life insurance is something you will be able to purchase. You will need to qualify, though, via medical exams and similar practices.  

The reason that age and life insurance are interconnected is pretty basic. The older you get, the more likely you will die while under coverage with the life insurance provider.

Start Shopping for Life Insurance

If you are considering life insurance, you want to do it now before you get any older. The Luebbering Insurance Agency LLC team can help answer questions and help you learn more about life insurance options. Residents of Jefferson City, MO, and abroad need to consider everything available before making a life insurance decision.

I have business assets I want to protect. How can commercial insurance help protect my business assets?

Commercial insurance has many benefits for business owners. Business owners can benefit from liability/legal protection, loss/damage protection, protection from natural disasters, and more. For example, commercial insurance protects businesses from hail, fire, and wind damage. Our team at Luebbering Insurance Agency LLC is committed to helping Jefferson City, MO business owners understand the benefits and protection that commercial insurance provides. 

What is Commercial Insurance?

Commercial insurance protects against cyber attacks, property and bodily injury lawsuits, and protection for employees, company property, vehicles, and more. Commercial insurance is designed to meet the unique needs of your business because there’s no such thing as a one-size-fits-all business. Business or commercial insurance is flexible and can be created to suit a company’s specific needs. Business insurance protects you and your business.

I have Business Assets I want to protect. How can Commercial Insurance help Protect my Business Assets?

Fortunately, commercial insurance provides a wide variety of different coverage options. An insurance agent can help you explore the benefits and discuss your business’s specific needs. Business owners have protection from damage caused by natural disasters. A commercial insurance policy will also cover vandalism and damage to company property and employees and provide liability protection. Commercial insurance can be created to reflect a business’s unique and everyday needs. If you have questions about commercial insurance, call us. We’d be happy to help you explore your options. We can help you get the coverage you need to protect your assets. 

 

 

What is Underinsured and Uninsured Motorist Coverage?

Motorcycle riders in Jefferson City, MO are required by law to carry liability insurance that covers a minimum of $25,000 in bodily injury per individual and $50,000 per accident. Your knowledgeable Luebbering Insurance Agency LLC provider can speak to you more about the other types of insurance we offer. 

One category of extra protection is underinsured and uninsured motorist coverage. Missouri is an at-fault state, which means each person to blame for causing a collision is responsible for paying the other party’s medical and property damage costs.

However, what can happen is that you are hurt in a wreck, and the other person does not have the coverage to cover your bills. This can be because they have liability indemnification, but it is not sufficient to pay for the expense, or because they have no protection in place at all. 

Underinsured and uninsured policies pay for your property damages and hospital bills, making sure you are guarded against financial loss regardless of the actions of others. In addition, you may also be reimbursed for your lost wages. You may have to meet a deductible before payments are made. 

Motorcycle enthusiasts who are injured in accidents where the other driver has no insurance may be forced to rely on, instead, medical insurance to meet their health needs or be forced to pay out of pocket when they lack uninsured or underinsured coverage. Additionally, they may be compelled to sue. 

Luebbering Insurance Agency LLC Wants to Help

We serve those who live in and around Jefferson City, MO, and can provide you with the various insurance products you need. Speak to us today for more information, and we can be reached via phone, the internet, or by stopping at the office. 

Four Tips You Should Know Before Purchasing Boat Insurance

Purchasing your boat is a significant investment. Besides the initial cost, boaters must pay for fuel, maintenance, and other costs to keep their boats afloat. Since investing in a boat calls for a considerable investment, you should put effort into protecting your boat. While regular service and maintenance go a long way in safeguarding your boat, don’t forget about boat insurance — this coverage can save the day when you least expect it.

Boat insurance makes sense if you invest in the proper coverage. Since buying boat insurance is never straightforward, Luebbering Insurance Agency LLC in Jefferson City, MO is here to highlight tips before heading to the market for boat insurance.

Differentiate between “actual cash value” and “agreed value.”

When you are insuring your boat, there are two values you should consider. The cash value is the market value of your boat. This means you will not get 2020 prices for a 2015 boat. Although the agreed value is affordable, most policyholders have to dip into their pockets if they want to purchase a similar vessel.

The agreed value is a pre-determined amount signed into your contract. This is the amount you will be paid if your boat is totaled or stolen.

Understanding boat insurance policies

You must understand what it covers to get the most out of your boat insurance. If you are familiar with car insurance policies, boat insurance isn’t any different. Boat insurance options include liability coverage, comprehensive, collision, MedPay, etc. If you want to understand what your boat insurance covers, read your policy document carefully.

Know your boat insurance exclusions

Your boat insurance doesn’t cover you against all the events. Boat insurance has several exclusions highlighted in your policy document. Always understand your boat insurance exclusions to avoid disappointments during the claim process.

Boat insurance can be mandatory.

Although boat insurance isn’t required in Missouri, you may be required by your lender to buy boat insurance. So, before you sign that loan agreement for your boat, know the requirements regarding insurance.

Would you like to purchase boat insurance in Jefferson City, MO? Please get in touch with Luebbering Insurance Agency LLC.

Why You Have to Get Renters’ Insurance

When you are a renter, it’s important to give yourself the protection you need for your home. You don’t need home insurance to protect your dwelling as a renter. The owner of the property does that. Your responsibility is to have renters’ insurance that covers your belongings for various situations. In most cases, you are required to have renters’ insurance by your landlord. Many property owners require it to protect you against possible risks of liability and lost property. Call us at Luebbering Insurance Agency LLC in Jefferson City, MO if you need this coverage.

Protection Against Possession Loss

When you rent, your main assets are likely all of your items that are inside the home. Your possessions combined represent a significant investment. To protect that investment, there is renters’ insurance. Coverage protects your belongings and protects them against a wide range of risks they face. From specific disasters to accidents, your property can all be protected by this policy. If something happens to what you own, your policy can pay for you to be able to replace what you lost. 

Protect Yourself Against Liability

If you have someone in your home who is at risk of falls or has an accident, they are at risk of injury. When a third party is injured while in your home, you are likely to be liable for the expenses they incur from the accident. This can include costs like their lost wages as well as medical bills. Renters’ insurance can pay for these bills so that you won’t have to. 

Get Your Renters’ Policy

It’s important to have this coverage to protect yourself when you rent. Call us at Luebbering Insurance Agency LLC in Jefferson City, MO to get started.

     

How umbrella insurance can help protect you from lawsuits from disgruntled former employees

Luebbering Insurance Agency LLC is proud to be an insurance resource for the greater Jefferson City, MO business community. We are dedicated to providing our clients with the right insurance policies for their unique needs. If you have any questions about commercial insurance, call our office and schedule a consultation.

Protect your company from complaints made by disgruntled former employees

Not every work situation ends well; that is just a fact of life. In such circumstances, it can become important to have protection in place for the firm. One frivolous or unwarranted lawsuit from a former employee is enough to cause problems and affect the company’s bottom line.

Liability protection for a company’s primary commercial policy typically has policy limits. With a significant situation caused by a former employee, that protection can be exhausted in a short period. Because of this reality, it makes sense to take steps to protect the future financial stability of the company. An umbrella policy is an effective way to obtain your business’s coverage. 

If the liability protection provided by a company’s primary policy is exhausted, the umbrella policy will become active. This means that the firm is more likely to have the liability protection it needs. Don’t allow a lawsuit to undo a company’s success and create financial uncertainty for the future. 

We are here to help with all of your insurance needs

Business owners in the Jefferson City, MO area can count on the Luebbering Insurance Agency LLC team for all their insurance needs. If you are considering adding an umbrella to your commercial insurance portfolio, call us today. We look forward to working with you!

Three Benefits of Flood Insurance

Flood insurance is one of the best ways to protect your home from the devastating effects of flooding. When floods strike, homeowners incur huge losses, and unfortunately, standard home insurance doesn’t cover the damage. And just because your home isn’t in a flood zone doesn’t mean it’s entirely safe from flooding. About 20% of flood insurance claims come from clients with properties outside flood-risk zones!

Convinced flood insurance is a worthwhile investment? Here are the benefits you accrue when you purchase flood insurance from Luebbering Insurance Agency LLC in Jefferson City, MO.

It protects your building.

Floods can cause devastating damage to your home. A one-inch rise in water level may cause repairs of up to $25,000. Now imagine what massive flooding can do to your home! Flood insurance compensates you for damage caused by flooding.

While flood insurance won’t stop flooding, it lessens your financial burden when damage occurs.

Protects your assets

Flood insurance doesn’t only cover your building — it also covers the contents inside. Flood insurance compensates you when your personal stuff, portable appliances, fixtures, and other personal assets have been damaged by floods. You don’t have to start from scratch when floods damage your belongings.

Offers peace of mind

Weather can be unpredictable, but this doesn’t mean you should always live on the edge. Flooding can occur suddenly, leaving behind a trail of damage. Fortunately, you don’t have to worry whenever the weatherman forecasts an impending sandstorm. Flood insurance gives you comfort that the asset you have worked so hard to earn is protected.

Protect your home today with flood insurance

Your home is too precious to leave it exposed to floods and other perils. If you want to protect your home against floods, please contact Luebbering Insurance Agency LLC for affordable flood insurance.